SoftBank Group selling British chip designer Arm to Nvidia for up to US$40b | Malay Mail

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TOKYO, Sept 14 — Japan's SoftBank Group said today it is selling British chip designer Arm to US chip company Nvidia for up to US$40 billion (RM166 billion), potentially creating a new giant in the industry. “We reached a final agreement with... Nvidia to sell all shares in Arm... at the value...

Monday, 14 Sep 2020 11:02 AM MYT

“We reached a final agreement with... Nvidia to sell all shares in Arm... at the value of up to 40 billion dollars,” SoftBank said in a Japanese statement. Founded in 1990 in the United Kingdom, Arm specialises in microprocessors, and dominates the global smartphone market. But its chips are also found in countless sensors, smart devices and cloud services.

Source: News Formal (newsformal.com)

 

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